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What Is a NOW Account in Banking?

What Is a NOW Account in Banking?

April 03, 2023

Banks that offered NOW accounts did experience a surge in customers during the 1970s and 1980s when these accounts were first introduced. This was because NOW accounts were seen as an attractive alternative to traditional savings accounts, as they offered a higher rate of interest and greater flexibility in terms of withdrawals.

- Loretta Kilday

Avoid These Pitfalls Like The Plague When You Get A Pay Raise

Avoid These Pitfalls Like The Plague When You Get A Pay Raise

March 14, 2023

When you get a raise, there is a possibility that your expenses will eventually increase. So, it becomes even more important to consider updating your emergency savings to accommodate your new spending habits.

- Loretta Kilday

What is the Fair Debt Collection Practices Act (FDCPA)?

What is the Fair Debt Collection Practices Act (FDCPA)?

March 10, 2023

The FDCPA mandates debt collectors to provide you with specific information about the debt they are attempting to collect, including the amount of the debt, the name of the creditor, and your rights under the FDCPA.

- Loretta Kilday

Could Investing in CDs Be the Best Personal Finance Move Right Now? Experts Weigh In

Could Investing in CDs Be the Best Personal Finance Move Right Now? Experts Weigh In

February 15, 2023

A CD ladder can be a good option if you want to invest in certificates of deposit (CDs) but also need regular access to some of your money

- Loretta Kilday

Almost 40% of Americans Don’t Know About This Fast Way to Pay Down Credit Card Debt

Almost 40% of Americans Don’t Know About This Fast Way to Pay Down Credit Card Debt

February 14, 2023

Overall, balance transfer credit cards can be a helpful tool for cardholders in high debt, but it's essential to use them responsibly.

- Loretta Kilday

How to budget for home maintenance and repairs

How to budget for home maintenance and repairs

January 07, 2023

I recommend homeowners save about 1% to 4% of the total purchase value of their home after considering important factors like location, age, and condition of the house. This is because your home's average annual maintenance costs may exceed the 1% value. So, budgeting a little more than average is helpful when accounting for major home repairs.

- Loretta Kilday